#Bitcoin Long-Term Power Law 👀
When we were around 50k I published an analysis where I said that we will soon see the next move $BTC to the green line.
📝Now we are already testing this level, and this is not the end of the cycle, because we still have almost a year to go. Note that the very middle of this channel is growing as resistance is being carried and by the end of the cycle it will be around 135k.
💡In the coming months, we can also test the white trend line, but I would not expect to break through it in the base scenario, at least not yet. Also, do not hold false hopes for the purple line, this indicator does not consider the diminishing return, which in the last cycle in 2021 showed that our next peaks will not be so high and sharp.